SÃO PAULO (Reuters) – Oi (;) announced on Saturday that it handed over to creditor SBA Torres Brasil a unit of assets made up of telephone towers and other assets as part of debt payment, following the terms of the judicial recovery plan.
According to a relevant fact from the company to the market, which does not detail the assets or the size of the company’s debt with the SBA, the business still needs authorization from the Administrative Council for Economic Defense (Cade) and the adaptation of Oi’s concession contracts to the regime authorization “or, if this does not occur by the stipulated date, obtaining prior consent from the National Telecommunications Agency (Anatel)”.
Oi only informed that the assets delivered to the SBA are gathered in the special purpose company (SPE) “Imóveis e Torres Selecionados”.
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